NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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Michael Gilraine

New York University
Department of Economics
19 West 4th Street
New York, NY 10012
Tel: 212-998-8912

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Institutional Affiliation: New York University

NBER Working Papers and Publications

January 2018Education Reform in General Equilibrium: Evidence from California's Class Size Reduction
with Hugh Macartney, Robert McMillan: w24191
This paper sheds new light on general equilibrium responses to major education reforms, focusing on a sorting mechanism likely to operate whenever a reform improves public school quality significantly. It does so in the context of California's statewide class size reduction program of the late-1990s, and makes two main contributions. First, using a transparent differencing strategy that exploits the grade-specific roll-out of the reform, we show evidence of general equilibrium sorting effects: Improvements in public school quality caused marked reductions in local private school shares, consequent changes in public school demographics, and significant increases in local house prices -- the latter indicative of the reform's full impact. Second, using a generalization of the differencing...
 
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